It’s no secret that running a restaurant is a risky business. The fact that many restaurants will ultimately fail early in their existence is not lost on most entrepreneurs, and yet they carry on anyway in hopes that their restaurant dreams can be made true.
After running nuclear reactors for submarines, Loren Goodridge was ready to be his own boss. Navy alum Goodridge became a Subway franchisee in 1992, and has since been recognized for his strategic planning skills by Subway CEO Fred DeLuca and grown his franchise company to 20 units.
After an abundance of successful business ventures, David Lobel founded Sentinel Capital Partners, a private equity firm that specializes in buying and building middle-market companies in the U.S. and Canada.
The National Restaurant Association (NRA) applauded Senators Kent Conrad (D-N.D.) and John Cornyn (R-Texas) and Representatives Jim Gerlach (R-Pa.) and Richard Neal (D-Mass.), who week introduced bipartisan bills to make permanent a 15-year tax depreciation schedule for restaurant improvements and new construction, leasehold improvements, and retail improvements.
Foodler.com is expanding across the U.S. and will be in Hawaii by the beginning of May.This website allows customers to order delivery from participating restaurants, online.Foodler features restaurants that already have a delivery service, as well as others that don’t; the latter can contract it out to a third party via the site.
Atlanta-based private investment firm Argonne Capital Group, LLC today announced that an affiliate, Peak Restaurant Group, LLC, has acquired the restaurant assets, operations, and franchise rights to 40 IHOP restaurants located in seven states in and near the Rocky Mountain region including California.
What do Bic underwear, Harley-Davidson wine coolers, and Jamba Juice soup have in common? They’re all ways companies have tried to extend their brands—and they all failed.It shouldn’t have been a surprise that the rough and manly image of the Harley brand wouldn’t fit with the light and girly product attributes of a wine cooler, but the fates of other brand extensions are harder to predict.
Emeril Lagasse has announced plans to open his newest restaurant, Emeril’s Italian Table, at the Sands Casino Resort Bethlehem in Bethlehem, Pennsylvania.Scheduled to open in late spring, the restaurant will be the chef’s third restaurant at the casino and entertainment destination.
The 2011 National Restaurant Association’s Hotel-Motel Show, which takes places from May 21-24 in Chicago, will feature more than 70 education sessions that will tackle issues like social media and commerce, increasing sustainability efforts, technology innovations, and how philanthropy can boost business, among other topics.
Seasons 52 has selected Roosevelt Field Mall in Garden City, N.Y., as the site for its 21st location, expected to open in the spring of 2012.The Seasons 52 at Roosevelt Field is estimated to seat 399 diners, with 91 seats in the piano bar, which features live entertainment nightly.
Goodfella’s of Staten Island has launched a brick oven pizza school.The school will teach everything from the basics (how to make dough) to more advanced details such as how to manage inventory.The pizzeria is getting a lot of calls, according to Scot Cosentino, founder of the school, from as far afield as Argentina.
Food and hospitality veteran Joe Varalli has opened a gastropub in Philadelphia.Varalli opened his first restaurant, Upstares at Varalli, 22 years ago at the age of 25 then established Sotto, the first seafood restaurant on the Avenue of the Arts in Philadelphia.